8th Sep 2022, 1:45 PM – Senate Climate Change Bill 2022, Climate Change (Consequential Amendments) Bill 2022 - in Committee - Cost benefit analysis

The majority voted against an amendment introduced by Pauline Hanson's One Nation Party, which means it failed.

Amendment text

(1) Clause 12, page 7 (after line 24), after subclause (1), insert:

(1A) A statement under subsection (1) must include:

(a) the total amount of Australia's greenhouse gas emissions for the financial year to which the statement relates; and

(b) a cost benefit analysis of each of the Commonwealth's policies mentioned in the statement, including:

(i) the amount by which the policy reduces anthropogenic greenhouse gas emissions; and

(ii) a regulatory impact statement for the policy which includes an outline of each of the matters mentioned in subsection (1B).

(1B) For the purposes of subparagraph (1A)(b)(ii), the matters are the following:

(a) the impact, if any, on the Commonwealth budget of that policy in the year to which the statement relates;

(b) the estimated impact, if any, on the Commonwealth budget of that policy in the following 3 financial years;

(c) the impact, if any, on Australia's gross domestic product that can be specifically attributed to that policy;

(d) the policy's compatibility with human rights (within the meaning of the Human Rights (Parliamentary Scrutiny) Act 2011).